Reports First Quarter 2017 Operating Results - Marketwired (press release) bit.ly/2eEMf8W 5В yearsВ ago One Stock Analysts Are Watching - Altisource Residential.

Oh, btw donвЂ™t forget to get on our exclusive buyers list: We walked away with a pretty sweet profit for a couple of hours of work!ДЇNMA foreclosures can be challenging at times, especially since you need 10% escrow, but can be profitable at the same time! Now, go out there and flipthisforeclosure! We paid all our closing cost on A-B Transaction ($2,200 closing costs)Д®nd buyer paid all closing cost on B-C transaction So guess what this meansвЂ¦.? You can still flip the foreclosure just as long as you stay within 120% of your purchase price within your first 3 months! For example, here are some numbers on a deal we did a couple months ago that was a FNMA REO: If an investor purchases a Fannie Mae Foreclosure, there is a Deed Restriction placed on the property that the buyer/new owner cannot resale the property for more than 120% of the purchase price for a period of three months. An investor is required to provide 10% of the purchase price in earnest funds when making an offer to purchase. Fannie Mae encourages investors to purchase foreclosed homes, but the requirements to purchase are slightly different from that of an owner occupant. Remember, everyoneвЂ™s goal is to provide affordable housing to owner occupants or cash investors. Down payment assistance programs, seller paid closing costs and home warranties are often considered. This percentage will make or break your deal!ДЄlthough Fannie Mae prefers cash offers, many financing options will be considered. FMNA has a specific percentage that you are required to resell at if you do not plan on rehabbing the property and holding it for 3 months or more. WHY? Because, barely any other investors are doing it so this market is untouched. There is a seasoning issue on FNMA foreclosed properties if you are planning on wholesaling them. There is a specific percentage that you really need to calculate correctly that most wholesalers donвЂ™t know about and if you donвЂ™t properly increase them by that FNMA percentage you can and will get stuck with a property you cannot resell to your buyersвЂ¦.this will kill your deal and profits! The confusion that I see and have experienced with other wholesalers is the mark up on selling the property to their buyers. Of course, you donвЂ™t want to mark them up to much or else you will lose business and barely close deals. That is truely a remarkable thing, since its easy to mark them up as much as you want. There is a lot of confusion for a lot of wholesalers out there that are flipping REO properties to their cash buyers that are not FNMA properties. I wanted to touch base on this subject, since I think it can be tricky for people who are flipping FNMA (Fannie Mae) foreclosures. So, I donвЂ™t see a lot of wholesalers wholesaling Foreclosures that are owned by Fannie Mae. What a crazy Monday it isвЂ¦but itвЂ™s a good one!

Purchase fannie mae foreclosures